NSW has Australia’s fastest growing economy
15 February 2017
NSW Government:
A new report has named
NSW as
having the fastest growing economy in the country.
The
Deloitte Access Economics (DAE) Investment Monitor and Business
Outlook report said a record investment in health, education, and
infrastructure has helped accelerate NSW past all other states and
territories.
A key driver of economic growth and performance was the NSW Government’s
spending on infrastructure, including major projects such as
Badgery’s
Creek Airport and
Barangaroo.
NSW Treasurer Dominic Perrottet said the report showed NSW is reaping
the rewards of the state’s strong fiscal and economic management.
“Over the next four years the government is investing a record $73.2
billion into new hospitals, schools, roads, public transport and other
vital infrastructure across the state,” said Mr Perrottet.
“More people are now calling our great state home; increasing overall
supply will help to improve housing affordability.”
The report also revealed that NSW is outperforming the rest of Australia
in commercial construction.
--ENDS--
Source: NSW Government - www.nsw.gov.au
Contact: N/A
External Links:
https://www.nsw.gov.au/improving-nsw/projects-and-initiatives/
https://www.nsw.gov.au/news-and-events/news/nsw-housing-approvals-hit-all-time-high/
http://www.barangaroo.com/
Recent news by: NSW Government